Penang Dialogue 2020 – Resetting for Tomorrow: Malaysia’s Opportunity in Global Value Chains

Priming and expanding its talent pool is what Malaysia needs to focus on to keep its edge and retain its position as a favoured destination for global value chains.

AMCHAM’s Penang Dialogue, “Resetting for Tomorrow: Malaysia’s Opportunity in Global Value Chains”, that was held virtually, revolved around Malaysia’s response to a rapidly evolving global business environment.

John Neuffer, President and CEO of Semiconductor Industry Association, opened the program highlighting Malaysia’s significant role as a leading hub for semiconductors.

Subsequent panels looked at what was needed to keep Malaysia ahead in a competitive environment including stability and clarity to reassure investors of a secure supply chain. But it was the quality, mobility, and diversity of talent that dominated all discussions as was the need for English which will allow young teams to collaborate with their counterparts and spur innovation.

The centrepiece of the program featured the Chief Minister of Penang, YAB Chow Kon Yeow, and the US Ambassador to Malaysia, HE Kamala Shirin Lakhdhir in a conversation with AMCHAM CEO Siobhan Das that highlighted recent large US investments, the Penang2030 vision and opportunities for US technology to support the development of advance manufacturing in Malaysia’s growth.